Procyon Advisors LLC Grows Stake in Capital One Financial Co. (NYSE:COF)

Procyon Advisors LLC grew its position in shares of Capital One Financial Co. (NYSE:COF) by 5.1% in the first quarter, Holdings Channel reports. The firm owned 15,225 shares of the financial services provider’s stock after purchasing an additional 740 shares during the period. Procyon Advisors LLC’s holdings in Capital One Financial were worth $2,267,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. FFT Wealth Management LLC grew its position in shares of Capital One Financial by 3.6% during the 4th quarter. FFT Wealth Management LLC now owns 2,325 shares of the financial services provider’s stock valued at $305,000 after purchasing an additional 80 shares in the last quarter. Tortoise Investment Management LLC grew its position in Capital One Financial by 41.9% in the fourth quarter. Tortoise Investment Management LLC now owns 271 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 80 shares in the last quarter. City Holding Co. grew its position in Capital One Financial by 1.6% in the first quarter. City Holding Co. now owns 5,023 shares of the financial services provider’s stock worth $748,000 after acquiring an additional 80 shares in the last quarter. Quent Capital LLC grew its position in Capital One Financial by 4.9% in the fourth quarter. Quent Capital LLC now owns 1,819 shares of the financial services provider’s stock worth $239,000 after acquiring an additional 85 shares in the last quarter. Finally, Merit Financial Group LLC grew its position in Capital One Financial by 3.1% in the fourth quarter. Merit Financial Group LLC now owns 2,808 shares of the financial services provider’s stock worth $368,000 after acquiring an additional 85 shares in the last quarter. 89.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Evercore ISI cut their target price on shares of Capital One Financial from $155.00 to $154.00 and set an “in-line” rating for the company in a research report on Tuesday. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $159.00 target price on shares of Capital One Financial in a research report on Wednesday, March 27th. Wolfe Research upgraded shares of Capital One Financial from a “peer perform” rating to an “outperform” rating and set a $189.00 target price for the company in a research report on Thursday, April 4th. Wells Fargo & Company upped their price target on shares of Capital One Financial from $160.00 to $165.00 and gave the company an “overweight” rating in a research report on Wednesday, April 10th. Finally, JPMorgan Chase & Co. upped their price target on shares of Capital One Financial from $134.00 to $152.00 and gave the company a “neutral” rating in a research report on Wednesday, April 3rd. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $141.20.

Capital One Financial Stock Performance

Shares of NYSE:COF opened at $134.07 on Friday. The company has a market cap of $50.97 billion, a price-to-earnings ratio of 10.50, a price-to-earnings-growth ratio of 1.08 and a beta of 1.45. The company has a 50-day moving average price of $140.05 and a 200-day moving average price of $136.87. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.86. Capital One Financial Co. has a 12 month low of $88.23 and a 12 month high of $149.94.

Capital One Financial (NYSE:COF) last issued its quarterly earnings data on Thursday, April 25th. The financial services provider reported $3.21 EPS for the quarter, missing the consensus estimate of $3.25 by ($0.04). The firm had revenue of $9.40 billion for the quarter, compared to the consensus estimate of $9.35 billion. Capital One Financial had a net margin of 10.19% and a return on equity of 9.74%. The business’s revenue was up 5.6% on a year-over-year basis. During the same period last year, the company posted $2.31 earnings per share. As a group, equities analysts anticipate that Capital One Financial Co. will post 13.31 EPS for the current year.

Capital One Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Monday, May 13th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend was Friday, May 10th. Capital One Financial’s payout ratio is currently 18.79%.

Insider Buying and Selling

In related news, insider Celia Karam sold 16,913 shares of the stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $142.88, for a total value of $2,416,529.44. Following the completion of the transaction, the insider now directly owns 47,081 shares of the company’s stock, valued at $6,726,933.28. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider Celia Karam sold 16,913 shares of the stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $142.88, for a total value of $2,416,529.44. Following the completion of the transaction, the insider now directly owns 47,081 shares of the company’s stock, valued at $6,726,933.28. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Timothy P. Golden sold 8,656 shares of the stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $144.04, for a total transaction of $1,246,810.24. Following the completion of the transaction, the insider now directly owns 10,246 shares of the company’s stock, valued at $1,475,833.84. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.

Capital One Financial Profile

Capital One Financial Corporation operates as the financial services holding company for the Capital One, National Association, which engages in the provision of various financial products and services in the United States, Canada, and the United Kingdom. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.